Audits - Group Audit Considerations (Revised CAS 600)

Overview

You will examine the revised CAS 600 requirements for group audits, including scope, responsibilities, quality considerations, and interactions with component auditors. You will learn how to apply a risk‑based, scalable approach for groups with few or no component auditors and document procedures appropriately.

Course Content:

In this course, you will gain knowledge about the following topics: 

• Scope and key concepts in CAS 600.
• Achieving quality on a group audit; acceptance and continuance considerations.
• Overall group audit strategy and group audit plan (risk‑based approach).
• Understanding the group, environment, and system of internal control; identifying and assessing risks.
• Materiality and aggregation risk.
• Responsibilities of the group engagement partner and group auditor.
• Communication and interaction with component auditors; using evidence from audits performed for other purposes.
• Documentation expectations; professional skepticism and judgment.
• Scalability considerations and Canadian amendments. 

Learning Objectives:

By the end of this course, you should be able to: 

• Describe the scope and applicability of the revised CAS 600.
• Explain responsibilities of the group engagement partner and the group auditor.
• Plan and execute effective communications and interactions with component auditors.
• Apply a scalable, risk‑based approach (including materiality and aggregation risk) in group audits.
• Determine appropriate documentation to support conclusions and demonstrate audit quality.

Who Will Benefit:

• Public practitioners conducting group audits.
• Managers and senior staff involved in planning or performing group audits.
• Engagement leaders responsible for quality on multi‑component engagements.